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EP 13. Following purchase return transactions are given. Baisakh 3 Returned to Hari - 2 tape recorders @ Rs. 1,000 each -1 radio of Rs. 500 - (Trade discount 20%) Baisakh 5 Returned to Bishnu - 2 telephone sets @ Rs. 5,000 each less 10% trade discount Returned to Naryan Baisakh 8 -3 telephone sets@ Rs. 1,000 each -4 heater sets @ Rs. 2,000 each Required: (a) Purchase return (return outward) book (b) Purchase return account. Ans: (a) Rs. 22,000 (b) Rs. 22,000

EP 13. Following purchase return transactions are given. Baisakh 3 Returned to Hari - 2 tape recorders @ Rs. 1,000 each -1 radio of Rs. 500 - (Trade discount 20%) Baisakh 5 Returned to Bishnu - 2 telephone sets @ Rs. 5,000 each less 10% trade discount Returned to Naryan Baisakh 8 -3 telephone sets@ Rs. 1,000 each -4 heater sets @ Rs. 2,000 each Required: (a) Purchase return (return outward) book (b) Purchase return account. Ans: (a) Rs. 22,000 (b) Rs. 22,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ans: (a) Rs. 27,60,000 (b) Rs 28,85/ Bhadra 8 Sold to R.R. Store, Lal Gadh - 25 ceiling fans @ Rs. 1,700 each -25 table fans @ Rs. 1,400 each - Less trade discount @ 12% Required: (a) Sales book (b) Sales account (c) L. Das's account Ans: (a) Rs. 1,38,400 (b) Rs. 138,400 (c) Rs. 70,200 EP 13. Following purchase return transactions are given. Baisakh 3 Returned to Hari - 2 tape recorders @ Rs. 1,000 each -1 radio of Rs, 500 - (Trade discount 20%) Returned to Bishnu* -2 telephone sets @ Rs. 5,000 each less 10% trade discount Returned to Naryan Baisakh 5 Baisakh 8 at 10%) - 3 telephone sets @ Rs. 1,000 each - 4 heater sets @ Rs. 2,000 each Required: (a) Purchase return (return outward) book (b) Purchase return account. Ans: (a) Rs. 22,000 (b) Rs. 22,000 EP 14. Consider the following information of K.C.: Returned from Kiran of Kailali Bhadra 15 Ans: (a) Rs. 28,675 (b) Rs. 32 - 10 kg wheat @ Rs. 12 per k 20 kg rice @ Rs. 18 per kg Returned from Milan of Mechi Bhadra 25 40 kg ghee @ Rs. 200 per kg - 30 liters oil @ Rs. 80 per liter - Original trade discount @5 % Required: (a) Sales return book Ans: (a) Rs. 10,360 (b) Rs. 10,360 2021/1/5 11:12 LOBS 400 per piece (b) Sales return account ical Enoine Shrel
Transcribed Image Text:Ans: (a) Rs. 27,60,000 (b) Rs 28,85/ Bhadra 8 Sold to R.R. Store, Lal Gadh - 25 ceiling fans @ Rs. 1,700 each -25 table fans @ Rs. 1,400 each - Less trade discount @ 12% Required: (a) Sales book (b) Sales account (c) L. Das's account Ans: (a) Rs. 1,38,400 (b) Rs. 138,400 (c) Rs. 70,200 EP 13. Following purchase return transactions are given. Baisakh 3 Returned to Hari - 2 tape recorders @ Rs. 1,000 each -1 radio of Rs, 500 - (Trade discount 20%) Returned to Bishnu* -2 telephone sets @ Rs. 5,000 each less 10% trade discount Returned to Naryan Baisakh 5 Baisakh 8 at 10%) - 3 telephone sets @ Rs. 1,000 each - 4 heater sets @ Rs. 2,000 each Required: (a) Purchase return (return outward) book (b) Purchase return account. Ans: (a) Rs. 22,000 (b) Rs. 22,000 EP 14. Consider the following information of K.C.: Returned from Kiran of Kailali Bhadra 15 Ans: (a) Rs. 28,675 (b) Rs. 32 - 10 kg wheat @ Rs. 12 per k 20 kg rice @ Rs. 18 per kg Returned from Milan of Mechi Bhadra 25 40 kg ghee @ Rs. 200 per kg - 30 liters oil @ Rs. 80 per liter - Original trade discount @5 % Required: (a) Sales return book Ans: (a) Rs. 10,360 (b) Rs. 10,360 2021/1/5 11:12 LOBS 400 per piece (b) Sales return account ical Enoine Shrel
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